Royal Fidelity’s new entries with the BSE allows Barbadians to forge new Wealth Management other than regular savings

by AirBourne / September 21st, 2012

Royal Fidelity just listed two funds on the Barbados Stock Exchange; Royal Fidelity Investment Funds TIGRS Series A2 and A3. These were the third and fourth issues of a series of TIGRS (TIGRS is an acronym for “Total Index-Linked Global Return Securities”).

Royal Fidelity Merchant Bank and Trust, is a joint venture between Fidelity Bahamas and RBC, and provides investment services for Barbadians.

Royal Fidelity’s TIGRS series of mutual funds allow investors to participate in the potential gains of international investment indices, while protecting principal at the same time. Originally launched in 2010 and 2011, respectively, TIGRS A2 is linked to growth in Emerging Market countries, while TIGRS A3 links to indices that represent the global Agriculture and Energy industries. This listing of these TIGRS on the exchange will allow them to be publicly traded, which provides liquidity for initial investors and an avenue for new investors to participate.

Royal Fidelity Managing Director Archie Cuke, reiterated the merchant bank’s commitment to the Barbados Stock Exchange, and the business of trading of local companies: “At Royal Fidelity , we commend and fully support the efforts of the government and the BSE to increase the number of companies listed on the stock exchange and we share their belief that the development of the capital markets has a vital role to play in creating economic prosperity, particularly as Barbados struggles to recover from a long recessionary period.”

Barbados Stock Exchange CEO and General Manager Marlon Yarde was pleased to see the listing of Royal Fidelity Investment Funds TIGRS A2 and A3. He encouraged other businesses to follow suit.

Mr. Cuke continued: “As a wealth management and investment banking organization, we are very sensitive to the lack of investment opportunities for Barbadian investors in today’s market. That’s why we consider it our responsibility to bring innovative and exciting investment vehicles like TIGRS to the marketplace. Our primary aim of introducing these securities is to provide one way for local investors to use Barbadian dollars to gain US Dollar international investment exposure, to diversify their portfolio, to increase their potential for returns, and to simultaneously protect their initial investment.”